Category Archives: Syndicated
Stock futures rise slightly as the market is set to end July with solid gains: Live updates
(CNBC) Stock futures rose slightly on Monday morning as the market is poised to wrap up the month of July with strong gains. Futures on the Dow Jones Industrial Average inched up 0.5% while S&P 500 futures rose 1%. Nasdaq […]
Reddit throughout the years: Its rise to prominence, recent revolts and IPO plans
(CNBC) Reddit, home to cute cat pictures, investment advice, niche hobby discussions, celebrity interviews, edgy memes, wholesome memes and everything in between, has been facilitating discussions on the internet since 2005. The site has about 57 million daily active users who […]
Equities and multi-strategy drive Q2 hedge fund gains
(Hedgeweek) Hedge funds continued their resurgence in Q2, recording positive performance for a third consecutive quarter, with equities and multi-strategy funds once again driving returns to take their YTD weighted average gains to over 10%, according to data from Citco. […]
Hedge funds boost China stock purchases as government lays out growth plans
(Hedgeweek) Hedge funds’ net purchases of Chinese stocks accelerated to the highest pace seen in nine months this week as the government revealed plans to stimulate economic growth in the world’s second largest economy, according to a report by Bloomberg. […]
A&G launches Spain’s first locally-regulated crypto hedge fund
(Hedgeweek) Spain’s first locally regulated crypto hedge fund, which will be overseen by the country’s financial markets regulator, Comisión Nacional del Mercado de Valores (CNMV) has been launched by Spanish private bank A&G, according to a report by Crypto News. […]
Stock futures are little changed as investors look toward Fed’s favorite inflation gauge: Live updates
(CNBC) Stock futures ticked up early Friday as Wall Street awaited new inflation data due Friday morning. Futures tied to the Dow Jones Industrial Average were little changed, slipping 0.25% or 88 points higher. S&P 500 futures ticked lower by […]
Intel jumps 7% as it returns to profitability after two quarters of losses
CNBC) For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of […]
Prosecutors drop another charge against FTX co-founder Sam Bankman-Fried
(CNBC) Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time they have narrowed the indictment against the founder of crypto exchange FTX. Prosecutors told Judge Lewis Kaplan on Wednesday that they were dropping the charge of […]
Point72 leads hedge fund pharma FOIA requests in June
(Hedgeweek) Point72 topped a list of 14 different financial institutions making a total of 46 Freedom of Information Act (FOIA) requests to the US Food and Drug Administration last month about adverse events and drug-manufacturing-facility inspections, according to a report […]
Hedge funds boost China stock purchases as government lays out growth plans
(Hedgeweek) Hedge funds’ net purchases of Chinese stocks accelerated to the highest pace seen in nine months this week as the government revealed plans to stimulate economic growth in the world’s second largest economy, according to a report by Bloomberg. […]
Point72 adds portfolio managers in New York and London
(Hedgeweek) Point72 Asset Management, the $27.2bn hedge fund firm founded by Steve Cohen, has continued its recent hiring spree with the addition of portfolio managers in both New York and London, according to a report by eFinancial Careers. To read […]
BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm
(CNBC) BlackRock has joined forces with the financial services arm of India’s tycoon Mukesh Ambani in what’s been referred to as a “major move.” This paves the way for the world’s largest money manager to gain a foothold into the country’s […]